The potential sales coincide with Crown Prince Mohammed bin Salman's efforts to diversify the Saudi economy from oil.

Oil giant Saudi Aramco reported Sunday earning $161 billion last year, ... Profits rose 46.5% as the company said it hoped to produce 13 million barrels of oil a day by 2027.

Aramco, formally known as the Saudi Arabian Oil Co., had revenues of $108.1 billion over the quarter, the company reported in a filing on Riyadh’s Tadawul stock exchange.

Saudi oil company Aramco’s half-year profits peaked just shy of $88 billion for the first half of the year as oil prices remain high globally, the company said.

Saudi Arabia’s massive building spree, and its huge investments, depend on Aramco finding top-dollar value for its hydrocarbons. “Without a certain oil price, they cannot do it,” says Dourian.